One simple question: “How likely is it that you would recommend
our company’s product to a friend?”
It turns out to be a fundamentally important metric and
central to the successful implementation of social media. Think about it: If
your own customers would not recommend you…well, you have a serious problem.
Measurement and the social Web go hand in hand, although
it’s not always obvious how to go about measuring something as dynamic as a
conversations.
As a largely online phenomenon, social media measurement
borrows heavily from existing online metrics. At the same time, questions like
“How likely is it that you would recommend my brand to a friend?” are rooted in
the principles that drive social media.
There are two key points that must be stressed:
- Customers who are willing to evangelize, based on direct experience are the only sustainable source of long-term profits.
- Profits earned through any form of coercion, trickery, or misleading advice are at best short term and will, if left unchecked, ultimately destroy the firm.
Building A Winning Brand
Building a winning brand and maintaining one are two
different things: Dell built a commanding position in the personal computer
(PC) market by offering a better way for its customers to buy one.
When its customer service floundered however, Hewlett
Packard (HP) gained and retook the global market share lead in the third
quarter of 2006. Dell is now pushing hard to regain its top spot and not
coincidentally social media and the positive practices that drive it are part
of Dell’s program.
In both of these cases, the role of the customer
recommendation is central to the rise or fall of the brands.
Social Media Evangelism
Put two concepts together, the evangelist as the key to long-term
growth and that profit earned by means that fail to delight your customers
threatens your long-term viability and you have what is essentially a formula
for success not only on the social Web but in businesses as well.
On the social Web, made up of social media applications such
as social networking platforms, blogs, photo and video sharing, collaborative
event planning tools, ratings and reviews and more, the conversations that stem
from actual, delightful experiences with products and services are the key to
driving and sustaining evangelism and hence long-term growth of brands.
Traditional marketing programs are essential in driving
awareness and seeding markets. Evangelism causes a steady amplification that
builds over time through the combination of word of mouth and digital content
on the social Web.
It literally creates markets. Contemporary brands and their
social reputations are being built through practices that encourage evangelism.
A large piece of your customer base will enthusiastically
promote you for a variety of reasons if you’ll only give them the means. This
desire goes beyond any single characteristic, for example, price associated
with your brand.
Social media is an articulation of the response to your
brand, product or service in actual use. The ad or PR campaigns you create set the
expectations against which that response is generated.
Fundamentally, the social Web is built on conversations that
do not belong to you but instead belong to someone else. Instead of trying to
control the conversation (or worse, the participants), you have to change your
product or service experience that drives the conversation. This, along with
your behavior on the social Web, is the only element of a social media campaign
over which you have full control.
If you’ve got a great product that is delivering a superior (delightful)
experience, then use social components such as blogs or video sharing that
encourage more talk: use the social Web as a platform to spread your message.
If you’ve got work to do, use tools such as support forums
to identify and correct issues: use the social Web as a listening tool and take
the conversation to the communities where you can fix the problems. Above all, participate
and be open and honest about what you are doing.
Influence And Metrics
“How likely are you to recommend company X?” Embodied in
this simple question is everything that powers (or destroys) a brand on the
social Web. This one question is the basis of a very simple but powerful measure
of influence.
When your customers willingly support you through a pricing
structure that provides a profit based on satisfaction and are at the same time
willing to evangelize your brand, to recommend you to others, you are in a
splendid position.
Applying social media will then be a very straightforward
and largely risk-free proposition. After all, your customers are already
talking about you favorably and you have a business model that will stand up
over time.
Are you worried about “managing the conversation”? In effect,
you already are. Through the experience of delight that you already provide, you
are influencing the conversation in a way that is favorable to your brand’s
position.
The experience of delight is the only way to positively
influence the conversation on the social Web. Delight can arise as the result
of great experience or because you handled an experience that was less than
great…in a great way.
Provide a great experience, and the conversation will take
care of itself. Conversely, provide a poor one and the conversation will
reflect that instead. The measurement of influence and in particular tracking
it over time is key to managing your social presence and fully tapping the
social Web to its potential.
M. Isi Eromosele is
the President | Chief Executive Officer | Executive Creative Director of Oseme
Group - Oseme Creative | Oseme Consulting | Oseme Finance
Copyright Control ©
2012 Oseme Group
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